Challenger credit reference agency Credit Kudos has hired Manoj Peiris from Barclays, where he oversaw the bank’s Open Banking implementation, as its new head of legal.
In his new role at Credit Kudos, Peiris will be responsible for providing strategic advice on new products and services, supporting its growth within the current legal and regulatory framework, as well as leading the fintech’s engagement with regulatory and industry bodies to inform policy.
Peiris was legal counsel at Barclays UK and advised on and negotiated implementation of the CMA Retail Banking Market Investigation Order 2017 and PSD2.
He was also the lead adviser on the launch of Barclays’ UK account information service and payment initiation service through the bank’s app.
Freddy Kelly, co-founder and CEO of Credit Kudos, said: “Like Credit Kudos, Manoj has been at the forefront of Open Banking as it has grown in the UK and he has the perfect skillset to help us design solutions specifically suited to the requirements of financial institutions – particularly the incumbent banks as we continue to grow our partners in this space.
“We’re extremely excited for him to join the team as we look to further enhance our proposition, ensuring Open Banking remains the gold standard for credit scoring for fintechs and banks alike.”
Peiris has more than 16 years of experience in legal roles and has previously held roles at The Payments Council, Lloyds Banking Group, Oodle Finance, RBS, and Société Générale.
He added: “I have watched Credit Kudos’ growth with interest. What Freddy and his team have built is hugely impressive; Credit Kudos is not only disrupting but entirely transforming the credit reference sector, providing insights and analysis that are game-changing for credit providers.
“The solutions Credit Kudos has developed will help banks and other lenders extend their services to more people as they look to bounce back from the economic damage of the pandemic and grow their loan books responsibly.”